Mortgage Resources

Doctor Loan

Loan Overview: Has heavy loan dept been a barrier to purchasing a home in the past? You aren’t alone. Student loan dept is cited as being one of the most challenging struggles to people from the ages of 25-34 entering into a house of their own. For those coming out of medical school Colorado Mortgage Group is offering a loan program to help.  This mortgage program has been created to help meet the needs of doctors just getting started on their career. Physician loans make qualifying easier, lower down-payments, and flexible insurance options.  One borrower must have a medical license. Eligible borrowers with student loan debt that is in deferment for 12 months beyond the Note Date are not required to include the deferred debt in the debt-to-income (DTI) ratio calculation.

Loan Amounts

Maximum: $850,000 Minimum: $20,000

Eligible Borrowers

At least one borrowers must hold one of the following valid license type and have student loans currently deferred for 12 months or more:

  • Medical Doctor (MD)Doctor photo
  • Medical Resident (Educational License)
  • Doctor of Dental Science (DDS)
  • Doctor of Dental Medicine or Surgeon (DMD)
  • Doctor of Optometry (OD)
  • Doctor of Ophthalmology (MD)
  • Doctor of Pediatric Medicine (DPM)
  • Doctor of Osteopathy (DO)

Ineligible Borrowers

  • Non-residential aliens
  • Non-permanent resident aliens
  • All trusts
  • Land trusts, except for Illinois Land Trust
  • Non-occupant co-borrowers
  • Limited Partnerships, general partners or corporations
  • Non-arms-length transactions

Eligible Property Types

  • 1-unit properties
  • Fannie Mae warrantable condominiums
  • Planned unit developments (PUDs)
  • Modular homes

To qualify you must have a minimum credit score of  700.  Colorado Mortgage Group is currently offering 5/1 adjustable rate at a term of 30 years and a 7/1 adjustable rate at a term of 30 years.  To see if you qualify or for additional assistance please call us at (303)-444-5251 or email at